Islandwide launches of new private homes in December 2008 slumped to a record low since the Urban Redevelopment Authority (URA) started releasing the monthly figures in June 2007. Developers placed just 157 units for sale last month, down by 59 per cent from November. Analysts said there has been softening demand for homes. But the low launch volume could also be due to seasonal adjustment and developers...
developer sales
En bloc projects being leased out instead of getting rebuilt MANY new homes recently built for the well-heeled in Singapore are sitting empty. Only 45 per cent of the luxury projects launched since June 2006 have been sold as of November last year, according to property consultancy CBRE. This period saw the roll-out of 20 projects in this segment, which has a total of 2,209 units, some of which have yet...
PROPERTY hunters put aside the gloomy economic outlook last weekend and turned out in force to check out - and even buy - new flats. At Nova 88 in Balestier - likely to be the only new official launch so far this year - about 500 visitors thronged the showflat, said developer Roxy Homes. About 20 per cent of Nova 88's units were sold, with prices ranging from $900 to $990 per sq ft. Some 20 per cent...
... as prices of high-end private properties move down PRIVATE home launches and sales were up last month after a dismal October. The number of private residential units launched more than doubled from October's 159 to 382, and units sold increased from 118 to 192, according to the data released by the Urban Redevelopment Authority (URA) yesterday. Analysts said the jump in units launched reflects...
Location: Prome Road Tenure: Freehold Description: 1 Block of 12 Storey with a part 4 storey apartment Year of Completion: 2012 Total Units: 48 Unit Types: 1 + study ~ 657 sqft (2 units) 2 bedroom ~ 861 sqft (2 units) 3 bedroom ~ 936 - 1453 sqft (28 units) 3 + study ~ 1098 - 1152 sqft (13 units) Penthouses ~1346 - 1948 sqft (3 units) Facilities: Heated Swimming Pool, Gym, Pool Deck, Children Pool, BBQ...
Location: Bhamo Road Tenure: Freehold Year of Completion: 2014 Total Units: 88 (1 block, 16 storeys) Unit Types: Studio ~ 506 sqft (8 units) 1 bedroom ~ 484 - 549 sqft (4 units) 1 + study ~ 603 - 710 sqft (12 units) 2 bedroom ~ 915 - 926 sqft (24 units) 2 + study ~ 980 sqft (8 units) 3 bedroom ~ 1195 - 1346 sqft (5 units) 3 + study ~ 1249 sqft (13 units) 4 bedroom ~ 1238sqft to 1313 sqft (8...
Located in Singapore’s most desirable residential enclave, Ardmore 3 is an ultra luxury niche 36-storey development in Ardmore Park. This freehold address offers convenient access to the heart of Orchard Road, while remaining exclusive and retains all the privacy away from the hustle and bustle of the city. Location: Ardmore Park (District 10) Tenure: Freehold Year of Completion: 2014 Total Units:...
Location: Jalan Dermawan (Hillview Ave) Tenure: 999yrs from 12 Oct 1885 Year of Completion: 2011 Total Units: 2 Cluster Bungalows + 12 Cluster Semi-Detach Unit Sizes: 4919sqft - 6706sqft Unit Types: 5+maid+family hall (2 Storey with Attic+ Basement) Features & Facilities: * Located at the higher ground with abundance of forest and superb view * Quality finishing * Master bath comes with Jacuzzi *...
YOU might have noticed that there are fewer ads for home launches. Perhaps you have also overheard that some condominiums in a prime area just went for a price you could only dream of a year back. Yesterday, official data bore out the coffee-shop talk that has been making the rounds. Reflecting weak consumer confidence, private homes sold and launched last month plunged to their lowest since June last...
Only 159 private homes were launched in October this year - the lowest in more than a year. The slide of almost 80 per cent from the 767 units launched in September is due to poor economic conditions, and the technical recession that has hit Singapore. About 194 units launched in August 2008, during the traditionally slow market in the seventh lunar month. The central region made up almost half the new...